Top Story | Deals - Acquisition, Mergers, Divestitures
A&D Transactions For Week Ending - January 10 2020
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For the week ending January 10, 2020. We saw oil price see-saw, rising on Monday as a result of Tension between the U.S. and Iran. Then by mid-week, 1/8/2020.
EOG Resources made a big splash this week with the announcement that it sold half of its N. Delaware saltwater disposal assets.
The oilfield water space is getting interesting with more E&Ps evaluating selling these assets to raise cash.
- Gulfport sold its MidCon oilfield water midstream assets
- Concho sold its Delaware basin oilfield water midstream assets
- Sabalo sold its N. Midland basin oilfield water midstream assets
Here we take a closer look at the strategies other E&Ps (Cimarex, QEP, Devon and more) are taking in regard to their midstream water strategy and and how that could help them enhance liquidity.
This Week in Deals Deal Closures:
- Parsley Completes Acquisition of Jagged Peak; Details Board Changes
- PE-backed Revolution Wraps Up $200MM Acquisition of Jones Energy II
- Cona Resources Wraps Up C$740MM Acquisition of Pengrowth
Latest New Transactions:
- Expedition Bolsters DJ Basin Water Disposal Portfolio; Acquires Assets
- Springbok Sells Mineral Interests to Kimbell for $175MM; Multiple Plays
- Tumbleweed Midstream Acquires Rockies Gathering System from DCP
- Premier Oil Inks $625MM Deal with BP for North Sea Assets
- Premier Oil Acquires 25% WI in Tolmount Project from Dana
Click here to access more recent deals...
US E&P Deal Trends
Start-ups/ New Company formation:
New Company Scores $400MM in New Capital
Looking at recent quarters, much of the start-up activity / investments have been by new midstream ventures (see chart below).
From Q1 2019 to present, ~43% of all start-up activity has been focused on the midstream sector.
Recent Deals/Transactions
| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
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| 02/26/2026 | E&P | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal |
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| 02/18/2026 | E&P | SM Energy Sells Eagle Ford Asset for $950 Million |
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| 02/17/2026 | E&P | Ovintiv Sells Anadarko Assets for $3 Billion |
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| 02/02/2026 | E&P | Vista Energy Acquires Equinor Non-Working Interest In Vaca Muera |
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| 02/02/2026 | E&P | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank |
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| 01/16/2026 | E&P | Mitsubishi’s Strategic Entry into U.S. Shale with Aethon’s Haynesville Platforms |
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| 12/22/2025 | E&P | Harbour Energy Enters GOM; Buys LLOG |
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| 12/18/2025 | E&P | JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources |
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| 12/08/2025 | E&P | Antero Resources Acquires HG Energy II for $3.9B |
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| 12/08/2025 | E&P | Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B |
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